Richard Exchanges a Building with a FMV of $75,000,a Basis

question 51

Multiple Choice

Richard exchanges a building with a FMV of $75,000,a basis of $35,000,and subject to a liability of $25,000 for land with a FMV of $50,000 owned by Bill.What is the amount of Richard's realized gain?

• A)$0
• B)$15,000
• C)$25,000
• D)$40,000

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Inseparable Idea

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Counterfeit Trademarks

Unauthorized and fraudulent reproductions of registered trademarks, often used to deceive consumers into buying imitation products.

Legitimate Businesses

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Counterfeit Goods

Illegally produced replicas of real products, designed to deceive consumers by mimicking the appearance of genuine items without authorization.